Answer:
Sally is guilty of insider trading violation which she has done by tipping the information to Alice.
Explanation:
Sally has committed an unlawful practice by giving away inside information to a friend named Alice. The inside (confidential) information is used to get tipped off, or it can be used to tip off someone else which leads to further unlawful practices which in this case is ‘Check Kitting’, and it is a type of theft and larceny which is used to get the advantage of non-existing funds.